Steven Bender - Feb 18, 2022 Form 4/A - Amendment Insider Report for WESTLAKE CORP (WLK)

Signature
Mark Steven Bender by J. Feng POA
Stock symbol
WLK
Transactions as of
Feb 18, 2022
Transactions value $
-$333,013
Form type
4/A - Amendment
Date filed
3/15/2022, 03:59 PM
Date Of Original Report
Feb 18, 2022
Previous filing
Feb 17, 2022
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Award $0 +7.92K +30.93% $0.00 33.5K Feb 18, 2022 Direct F1
transaction WLK Common Stock Tax liability -$333K -2.81K -8.38% $118.51 30.7K Mar 14, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to an rounding error, discovered on March 15, 2022, the original Form 4 filed on behalf of the Reporting Person on February 18, 2022 (the 'Original Form 4') reported the vesting of 7,923 shares of common stock. This Form 4/A amends that filing to reflect a vesting of 7,922 shares of common stock. As previously reported, these shares of common stock vested upon the determination by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance stock units granted to the Reporting Person on February 15, 2019 under the terms of the Issuer's 2013 Omnibus Incentive Plan.
F2 The Original Form 4 is further amended to disclose that 2,810 shares of common stock were sold to cover tax withholding obligations arising from the award. The Original Form 4 did not report the sale to cover tax withholding obligations because the number of shares to be sold was not known at the time of filing. This Form 4A is in addition to, and does not replace, the disclosure contained in the Original Form 4.